UBS expects mainland tech companies to repurchase and focus on core businesses, EPS is expected to grow by 20%, but live streaming e-commerce may slow down

Fang Jincong, head of China Internet research at UBS Investment Bank, said that the Internet competition environment in the mainland is constantly improving, and many technology companies are reducing businesses with less than ideal profitability, with the primary focus on improving profits. At the same time, given the general macroeconomic situation in China, developing large-scale businesses may not be desirable, and some companies are focusin…